A pioneering step towards digital transformation in the real estate sector
The Saudi Arabian Real Estate Registry has announced the launch of the “Real Estate Registry – Business Portal ,” an integrated digital platform specifically designed to serve the business sector. This step comes as part of the Real Estate Registry’s ambitious “As’hal” strategy, which aims to modernize the digital infrastructure of the real estate sector, achieve sustainable growth, and deepen partnerships with various private sector stakeholders, including developers, financiers, and investment companies.
General context and the Kingdom's Vision 2030
The launch of this portal comes within the context of the major economic transformations taking place in the Kingdom as part of Vision 2030. The Vision aims to diversify income sources and reduce dependence on oil, and the real estate sector is considered a key pillar in achieving this goal. Historically, real estate procedures were complex and required numerous paperwork transactions, which slowed the pace of investment. Hence, the need arose to establish a reliable digital system that would increase market transparency and efficiency. This is embodied in the Real Estate Registry and its new digital portals, which aim to provide an attractive and secure investment environment for both local and international investors.
Strategic importance and expected impact
The “Real Estate Registry Portal – Business” is of paramount strategic importance, as it is expected to have a multifaceted positive impact. Locally , the portal will accelerate the business cycle for real estate companies, reduce operational costs, and provide accurate and reliable data to support investment decisions. Regionally and internationally , this step enhances the Kingdom’s position as a leading investment hub in the region and makes its real estate market more attractive to foreign investors seeking transparency, security, and efficiency. Digitizing real estate assets not only increases asset reliability but also facilitates financing and mortgage processes, injecting greater liquidity into the market and boosting its growth.
An integrated digital system for managing real estate wealth
The CEO of the Real Estate Registry, Dr. Mohammed Al-Sulaiman, affirmed that the launch of the portal represents a major milestone within the Registry's strategic priorities. He stated, "The portal will be a unified and comprehensive platform, providing a seamless and secure experience, and enabling business beneficiaries to access automated digital services that enhance procedural efficiency." He added that the portal was specifically designed to empower businesses to manage their real estate assets, rights, and transactions through an integrated and secure technological environment, supported by innovative services and high-level analytical reports.
A comprehensive service package for the business sector
The “Real Estate Registry Portal – Business” offers a wide range of services that meet the needs of companies, developers, and financing entities, including:
- Real Estate Rights and Transactions Management: Registering, transferring, and modifying ownership and mortgages with ease.
- Transaction log: Track all transactions that have taken place on the property with complete transparency.
- Interactive maps: Displaying geospatial data for properties to support planning and evaluation.
- Accessing official documents: Digital access to relevant instruments and documents.
- Technical Interconnection Services (API): Seamless integration with internal facility systems to automate processes.
- Account and authorization management: Full control over user permissions within the facility.
- Electronic invoicing and payments: Facilitating financial transactions in a secure and fast manner.
The launch of the portal represents a qualitative leap in the digital transformation of the real estate registry, and enhances its position as a trusted partner in developing an integrated and sustainable real estate environment that keeps pace with the aspirations of the Kingdom’s Vision 2030 towards achieving the highest standards of transparency and efficiency.
